---
title: "Build the dividend or distribution notice calendar"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-dividend-or-distribution-timetable/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A4-MO20261022-9-US"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Build the dividend or distribution notice calendar

> From the record date the lawyer supplies, the tool counts ten calendar days back for notice to the Exchange, and it counts a fresh ten calendar days if the record date changes.…

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-dividend-or-distribution-timetable/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the record date the lawyer supplies, the tool counts ten calendar days back for notice to the Exchange, and it counts a fresh ten calendar days if the record date changes. It also lists a notice at least ten minutes before any public announcement of a dividend or stock distribution, including an announcement outside trading hours. It flags a record date that falls on a Saturday, Sunday, or Exchange holiday. It does not complete the announcement. |
| What the lawyer must review | The NYSE 2026 Annual Guidance Letter and Regulation FD, 17 CFR § 243.100. The letter requires listed companies to notify the Exchange at least ten calendar days in advance of all record dates. The board of directors must approve a record date before it is submitted. A company that changes a record date must give another advance notice of at least ten calendar days. Publication by a press release or an SEC filing does not constitute notice to the Exchange. For cash and stock distributions, the notification goes through Listing Manager or to dividend@nyse.com. The letter also requires notice to the Exchange at least 10 minutes before any public announcement of a dividend or stock distribution, including when the announcement is made outside Exchange trading hours. Record dates should not be set on a Saturday, Sunday, or Exchange holiday. Where the terms of a security mandate a record date on one of those days, the announcement should make clear that the effective record date is the immediately preceding U.S. business day. The letter says a listed company may comply with the Timely Alert policy by a press release or any other Regulation FD-compliant method, and it lists dividend announcements among the examples of news the Exchange would generally consider material. Regulation FD § 243.100(a) requires public disclosure simultaneously for an intentional disclosure and promptly for a non-intentional disclosure. The lawyer completes the announcement. |
| Written for | United States |
| Applies to | [Build the dividend or distribution timetable](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-dividend-or-distribution-timetable.md) |

## Checking plan

- What the AI does: From the record date the lawyer supplies, the tool counts ten calendar days back for notice to the Exchange, and it counts a fresh ten calendar days if the record date changes. It also lists a notice at least ten minutes before any public announcement of a dividend or stock distribution, including an announcement outside trading hours. It flags a record date that falls on a Saturday, Sunday, or Exchange holiday. It does not complete the announcement.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The letter states the ten-calendar-day record-date notice and the ten-minute announcement notice. It does not state an ex-dividend interval. The tool does not add one.
- Section 243.101 was not opened. The lawyer applies its definitions of public disclosure and promptly.
- A press release or SEC filing is not notice of the record date to the Exchange. This calendar follows the NYSE letter. Another exchange was not covered.

## Sources

- [NYSE Regulation, 2026 Annual Guidance Letter (27 January 2026)](https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_2026_Annual_Guidance_Letter.pdf) (checked 2026-10-22)
- [17 CFR § 243.100, General rule regarding selective disclosure](https://www.law.cornell.edu/cfr/text/17/243.100) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*